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Simplified Money Management :: Retirement Success :: THE RETIREMENT SOURCE®
Simplified Money Management

You can't manage what you can't find.

That is the key to Simplified Money Management. Most people in the process of accumulating assets have scattered them all over. One of the biggest problems for many in getting a financial plan started is simply getting their data together.

Lack of a clear understanding of your financial situation results in several costly problems including:

  • Lack of control
  • Missed tax savings opportunities
  • Poor investment management
  • Inability to have someone else take over in emergency
  • Waste of valuable personal time

Having all your financial data assembled in a manner that can be easily handled makes good management possible.

Once all the data is collected, it is important to reduce the sheer number of account locations. Then it is helpful to have a single system for keeping track of all assets. To be effective your system should help you to have a complete knowledge of all your assets:

  1. Whose name each asset is registered in.
  2. What is the current value of each asset?
  3. How productive is each asset?
  4. How much risk does each asset carry?
  5. What would be the income tax consequence of turning each asset into cash?
  6. Who could manage it if you were unable to and how would they know how?
  7. How it would pass in an estate?
  8. What would be the estate tax consequence of each transfer be?

Our strategy is called S-O-S. This stands for Simplify, Optimize and Streamline, which is a method to help you consolidate your important personal and financial plans and documents into comprehensible and manageable system.

Such an effective management system could help you achieve these three benefits that return to our original criteria of a sound financial plan:

  • Control
  • Completeness
  • Confidence

Our planning includes the use of our copyrighted Simplified Money Management – Master Control Index, which can help you to gain control over your program and pull together all the pieces of your succession plan so that it may in fact become your self-fulfilling S-T-A-R-S System for Retirement SuccessSM.

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